December Option Investing – Covered Calls

A shortened trading week due to the Thanksgiving holiday was still enough time for equities to fall heavily.

Markets were back in a correction as of November 17th, so the decline wasn’t too surprising.

On the covered call front, TMF and EDC calls were exercised…sort of. Remember those EDC1 calls that accompanied the reverse split earlier this month? They were exercised! 60 shares were removed from my account, leaving me with positions in DRN, FAS, ERX, and 40 shares of EDC.

Orders were entered Monday, and here is where I ended up.

  • DRN – $43.00 calls @ $4.10
  • EDC – $79.00 calls @ $5.30
  • FAS – $54.00 calls @ $3.20 (These calls expired Nov. 25th)
  • ERX – $41.00 calls @ $5.20
  • TMF – $72.00 calls @ $4.35
Advertisements

About T. Knight
Blogging about my journey to financial independence via investing for cashflow.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: